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Description

• Status: Available
• Type: Flat

• Ownership: Freehold
• Occupation: Tenanted

• Bedrooms: 1
• Council Tax: Search

1 Bedroom TENANTED flat located within the affluent Ayrshire coastal town of West Kilbride. Let £350per month PRT tenancy agreement. All paid and up to date. RICS HOME REPORT VALUE: £50,000 (Jul24)

HIGH RENTAL DEMAND LOCATION. Comprising: 1 bedroom, bathroom, lounge, kitchen & storage cupboard within the hallway EXCELLENT LOCATION close to amenities. FULL BUILDING***

P.R.I tenancy agreement at a low rent. We would anticipate rent reviews / open market values achievable of £500pcm (£6,000 PER ANNUM) Rent has not been reviewed in over 8 years.

Local Sales Evidence; 73, Ritchie Street, West Kilbride KA23 9HF (1 bed flat) sold for £99,000 in Feb 2022*** EXCELLENT INVESTMENT OPPORTUNITY. Potential to split portfolio and re-sell.

This historic town is home to a number of fantastic amenities including West Kilbride Golf club, primary schooling, Community Centre, library & highly acclaimed West Kilbride Institute & Public Hall.

RICS HOME REPORT VALUATION: £50,000 (Jul2024) EXTERNAL VIDEO TOUR LINK... https://youtu.be/OmzwIon_nqM

This historic town is home to a number of fantastic amenities including West Kilbride Golf club which is a well known Championship Golf Course, a highly regarded primary school, Community Centre, fantastic modern library and the highly acclaimed West Kilbride Institute & Public Hall. Nestling in a truly idyllic location. West Kilbride is an affluent family town known throughout the West Coast as the ‘Craft Town of Scotland’

Full Address: 4 Headrigg, Flat 1-R, West Kilbride, KA23 9JD

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £4,200 per year / £350 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: We would anticipate rent reviews / open market values achievable of £500pcm. All rent paid and up to date currently. Rent has not been reviewed in over 8 years.

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Pricing Information & Bidding

Opening Bid: £32,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 23 January 2025, 10am-3pm
Type: Timed Online Auction

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